Re:Did Bitcoin just prove it can't scale?
by xorcist on Saturday December 09, 2017 @03:15PM
(#15887840)
Is the argument that you think Reddit users are representative of Bitcoin investors?
Most of the time it feels like these discussions are stuck rehashing old arguments in circles, but this was truly innovative. Thank you for not being predictable.
As for the argument itself, I think you are correct not to make any investment decisions based on what you described.
Re:Did Bitcoin just prove it can't scale?
by FireBeyond on Saturday December 09, 2017 @03:19PM
(#15887860)
With 520,000 subscribers, is your argument that Reddit is -not- a statistically notable segment of Bitcoin investors?
Yeah, it's not like I can go on to /r/bitcoin and read multiple dedicated screeds along the lines of "I'm recommending my friends to invest savings in BTC for retirement". Whereupon someone replies "They should keep something in a Roth IRA for diversity", and the OP comments, "What's a Roth IRA?"
Yes, there are sophisticated investors.
But in a lot of cases, the only thoughts going through peoples heads is "Get Rich Quick". There's more discussion of "what color Lamborghini am I buying?" than anything else on those forums right now than anything else. Well, beside 'HODL! HODL! Even if the market corrects $10,000 tomorrow, HODL!'.